If you want proof that Vanguard is shifting to managed accounts with model portfolios, read this from Crypto Intelligence:
Model portfolios, commonly offered by large brokerage firms, are diversified investment strategies that balance risk and return, providing investors with pre-designed templates or “recipes” for investing.
BlackRock anticipates that the management of model portfolios will grow from the current $4.2 trillion to $10 trillion over the next five years.
Earlier in July, Salim Ramji, global head of iShares and index investments at BlackRock, commented on the growing trend, stating, “It’s going to be massive,” and emphasizing the importance of fiduciary advisers in this shift.
Action Line: That quote from Salim Ramji is from before he joined Vanguard. Could his mind have changed so quickly? Did Vanguard hire him, expecting a tiger to change his stripes? There are problems at Vanguard. Read more about them in my SPECIAL REPORT: The Trouble with BlackRo… er… ummm, Vanguard.
Originally posted on Your Survival Guy.
